Image2   Current Research Papers

 

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"Understanding Central Bank Loss Functions: Implied and Delegated Targets”

 

By Huiping Yuan and Stephen M. Miller

 

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“Monetary Policy and Housing Sector Dynamics in a Large-Scale Bayesian Vector Autoregressive Model”

 

By Rangan Gupta, Marius Jurgilas, Alain Kabundi, and Stephen M. Miller

 

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“Using Large Data Sets to Forecast Housing Prices: A Case Study of Twenty US States”

 

By Rangan Gupta, Alain Kabundi, and Stephen M. Miller

 

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“Time Series Properties of Housing Prices: A Case Study of the Southern California Market”

 

By Rangan Gupta and Stephen M. Miller

 

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“‘Ripple Effects’ and Forecasting Home Prices in Los Angeles, Las Vegas, and Phoenix”

 

By Rangan Gupta and Stephen M. Miller

 

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“Do Structural Oil-Market Shocks Affect Stock Prices?” Energy Economics, forthcoming

 

By Nicholas Apergis and Stephen M. Miller

 

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Geographic Deregulation and Commercial Bank Performance in US State Banking Markets

 

By Yong-Dong Zou, Stephen M. Miller, and Bernard Malamud

 

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Is the Great Moderation Ending? UK and US Evidence

 

By Giorgio Canarella, WenShwo Fang, Stephen M. Miller, and Stephen K. Pollard

 

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Does a Threshold Inflation Rate Exist? Quantile Inferences for Inflation and Its Variability shorter version in Empirical Economics, in press.

 

By WenShwo Fang, Stephen M. Miller, and Chih-Chuan Yeh

 

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Cross-Country Evidence on Output Growth Volatility: Nonstationary Variance and GARCH Models Scottish Journal of Political Economy, September 2008.

 

By WenShwo Fang, Stephen M. Miller, and ChunShen Lee

 

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“Cost Improvements, Returns to Scale, and Cost Inefficiencies for Real Estate Investment Trusts”

 

By Stephen M. Miller and Thomas M. Springer

 

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"Total Factor Productivity and Monetary Policy: Evidence from Conditional Volatility" International Finance, Summer 2007.

 

By Nicholas Apergis and Stephen M. Miller

 

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"Restructuring the Wealth Effect on Consumption: Further Analysis and Extension"

 

By Nicholas Apergis and Stephen M. Miller

 

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"The Great Moderation and the Relationship between Output Growth and Its Volatility" Southern Economic Journal, January 2008.

 

By WenShwo Fang and Stephen M. Miller

 

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"A General Schema for Monetary Policymaking: Objectives and Rules”

 

By Huiping Yuan and Stephen M. Miller

 

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"The Walsh Contract for Central Bankers Are Optimal After All!” Public Choice, April 2007.

 

By Georgios E. Chortareas and Stephen M. Miller

 

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"The Making of Optimal and Consistent Policy: An Implementation Theory Framework for Monetary Policy”

 

By Huiping Yuan and Stephen M. Miller

 

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"The Making of Optimal and Consistent Policy: An Analytical Framework for Monetary Models”

 

By Huiping Yuan, Stephen M. Miller, and Langnan Chen

 

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"Consistent Targets and Optimal Policy: A Note”

 

By Huiping Yuan and Stephen M. Miller

 

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Economies of Scale and Cost Efficiencies: A Panel-Data Stochastic-Frontier Analysis of Real Estate Investment Trusts” The Manchester School, July 2006.

 

By Stephen M. Miller, Terrence M. Clauretie, and Thomas M. Springer

 

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Equity Markets, the Money Market, and Long-Run Neutrality International Review of Economics Education, forthcoming.

 

By Stephen M. Miller

 

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“Export Promotion through Exchange Rate Policy: Exchange Rate Depreciation or Stabilization” Southern Economic Journal, January 2006.

 

By WenShwo Fang, YiHao Lai, and Stephen M. Miller

 

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“Does Exchange Rate Risk Affect Exports Asymmetrically? Asian Evidence”

 

By WenShwo Fang, YiHao Lai, and Stephen M. Miller

 

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"Exchange Rate Depreciation and Exports: The Case of Singapore Revisited" Applied Economics, February 2007.

 

By WenShwo Fang and Stephen M. Miller

 

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"The Value of Waiting: Foreign Direct Investment with Uncertainty and Imperfect Local Knowledge"


By Yongil Jeon, Taekwon Kim, and Stephen M. Miller

 

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"The Geographic Distribution of the Size and Timing of Monetary Policy Actions"

 

By Yongil Jeon and Stephen M. Miller

 

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"Inflation Targeting and Output Growth: Evidence from Aggregate European Data" International Monetary Fund Working Paper No. 05/89.

 

By Nicholas Apergis, Stephen M. Miller, Alexandros Panethimitakis, and Athanassios Vamvakidis

 

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"Consumption Asymmetry and the Stock Market: New Evidence through a Threshold Adjustment Model"

 

By Nicholas Apergis and Stephen M. Miller

 

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"Consumption Asymmetry and the Stock Market: Empirical Evidence" Economics Letter, December 2006.

 

By Nicholas Apergis and Stephen M. Miller

 

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"Macroeconomic Rationality and Lucas's Misperceptions Model: Further Evidence from Forty-One Countries" Journal of Economics and Business, May-June 2004.

 

By Nicholas Apergis and Stephen M. Miller

 

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"Explaining Economic Growth: Factor Accumulation, Total Factor Productivity Growth, and Production Efficiency Improvement"

 

By Yasmina R. Limam and Stephen M. Miller

 

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"MBA Program Reputation: Objective Rankings For Students, Employers, And Program Administrators"

 

By Yongil Jeon, Stephen M. Miller, and Subhash Ray

 

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"An ‘Ideal’ Decomposition of Industry Dynamics: An Application to the Nationwide and State-Level U.S. Banking Industry"

 

By Yongil Jeon and Stephen M. Miller

 

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"Foreign and Domestic Bank Performance: An Ideal Decomposition of Industry Dynamics"

 

By Yongil Jeon and Stephen M. Miller

 

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"Bank Performance: Market Power or Efficient Structure"

 

By Yongil Jeon and Stephen M. Miller

 

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"Deregulation and Structural Change in the U.S. Commercial Banking Industry" Eastern Economic Journal, Summer 2003.

 

By Yongil Jeon and Stephen M. Miller

 

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"Has Deregulation Affected Births, Deaths, and Marriages in the U.S. Commercial Banking Industry" Economic Inquiry, April 2007.

 

By Yongil Jeon and Stephen M. Miller

 

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"Explaining U.S. Commercial Bank Births, Deaths, and Marriages"

 

By Yongil Jeon and Stephen M. Miller

 

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"Do Foreign Bank Operations Provide a Stabilizing Influence in Korea?" Quarterly Review of Economics and Finance, February 2006.

 

By Yongil Jeon, Stephen M. Miller, and Paul A. Natke

 

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"The Performance of Domestic and Foreign Banks: The Case of Korea and the Asian Financial Crisis" Global Economic Review, June 2005.

 

By Yongil Jeon and Stephen M. Miller

 

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"The Effect of the Asian Financial Crisis on the Performance of Korean Nationwide Banks" Applied Financial Economics, 1 March 2004.

 

By Yongil Jeon and Stephen M. Miller

 

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"The Real Exchange Rate in Small Open Developed Economies: Evidence from Cointegration Analysis" Economic Record, March 2004.

 

By Debabrata Bagchi, Georgios E. Chortareas, and Stephen M. Miller

 

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"Central Banker Contracts, Incomplete Information, and Monetary Policy Surprises: In Search of a Selfish Central Banker?" Public Choice, September 2003.

 

By Georgios E. Chortareas and Stephen M. Miller

 

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"Optimal Central Banker Contracts and Common Agency" Public Choice, October 2004.

 

By Georgios E. Chortareas and Stephen M. Miller

 

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"Monetary Policy Delegation, Contract Costs, and Contract Targets" Bulletin of Economic Research, January 2003.

 

By Georgios E. Chortareas and Stephen M. Miller

 

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"The Relationship between Large Fiscal Adjustments and Short-Term Output Growth under Alternative Fiscal Policy Regimes" Contemporary Economic Policy, January 2003.

 

By Stephen M. Miller and Frank S. Russek

 

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"Productivity Growth in Large US Commercial Banks: The Initial Post-Deregulation Experience" Journal of Banking and Finance, May 2001.

 

By Kankana Mukherjee, Subhash C. Ray and Stephen M. Miller

 

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"Teaching Time Preference and Human Impatience: The Billionaire Game"

 

By Stephen M. Miller

 

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"The Perception of Government Bonds and Money as Net Wealth: An Integrated Approach" Eastern Economic Journal, Fall 1998.

 

By Alpha C. Chiang and Stephen M. Miller

 

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"An Endogenous Model of Union Density and Membership"

 

By Habib Ahmed and Stephen M. Miller

 

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"Total Factor Productivity, Human Capital, and Outward Orientation: Differences by Stage of Development and Geographic Regions "

 

By Stephen M. Miller and Mukti P. Upadhyay

 

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"Total Factor Productivity and the Convergence Hypothesis" Journal of Macroeconomics, June 2002.

 

By Stephen M. Miller and Mukti P. Upadhyay

 

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"The Effects of Openness, Trade Orientation, and Human Capital on Total Factor Productivity" Journal of Development Economics, December 2000.

 

By Stephen M. Miller and Mukti P. Upadhyay

 

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"The Exchange Rate-Investment Nexus and Exchange Rate Instability: Another Reason for ‘Fear of Floating’" Keio Economic Studies, forthcoming

 

By Habib Ahmed, C. Paul Hallwood, and Stephen M. Miller

 

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"Crowding-Out and Crowding-In Effects of the Components of Government Spending" Contemporary Economic Policy, January 2000.

 

By Habib Ahmed and Stephen M. Miller

 

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"The Level of Development and the Determinants of Output Growth: A Cross-Country Analysis" Applied Economics, June 2002.

 

By Habib Ahmed and Stephen M. Miller

 

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"Monetary and Exchange Rate Policy in Multisectoral Economies” Quarterly Review of Economics and Business, July/August 1997.

 

By Habib Ahmed and Stephen M. Miller

 

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"Using Leading Indicators to Forecast U.S. Home Sales in a Bayesian VAR Framework" Journal of Real Estate Finance and Economics, March 1999.

 

By Pami Dua, Stephen M. Miller, and David J. Smyth

 

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"Performance Evaluation of the New Connecticut Leading Employment Index Using Lead Profiles and BVAR Models" Journal of Forecasting, September 2006.

 

By Anirvan Banerji, Pami Dua, and Stephen M. Miller

 

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"The Long-Run Relationship between Money, Nominal GDP, and the Price Level in Venezuela: 1950 to 1996"

 

By Victor Olivo and Stephen M. Miller

 

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"Transfer Pricing in the Decentralized Multinational Corporation"

 

By Peter C. Dawson and Stephen M. Miller

 

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"Currency Depreciation and Korean Stock Market Performance during the Asian Financial Crisis"

 

By WenShwo Fang and Stephen M. Miller

 

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"Dynamic Effects of Currency Depreciation on Stock Market Returns during the Asian Financial Crisis"

 

By WenShwo Fang and Stephen M. Miller

 

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"Explaining Recent Connecticut Bank Failures"

 

By Stephen M. Miller and Athanasios G. Noulas

 

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